Cost Approach to Real Estate Valuation in the Republic of Slovenia

• Autorzy: Maruška Šubic-Kovač
• Języki publikacji: EN

Abstrakty

EN

This paper critically analyses the (administrative) cost approach according to the Rules on the uniform methodology for the calculation of market value of residential buildings and apartments and other real estate (SRS Official Gazette, No. 8/1987). Though the title of these Rules implies that real estate market value is assessed, the assessed value according to this approach is not equal to the market value which the real estate under assessment would have reached through exchange on the market, and it is not equal to the market value, which is the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller in an arm's-length transaction after proper marketing, wherein the parties had each acted knowledgeably, prudently and without compulsion (International Valuation Standards 2007). Hereinafter, the application of market cost approach in the Republic of Slovenia is critically analysed. In the Republic of Slovenia, the appraisers do not have available the appropriate information databases for application of market cost approach, in order to be able to adequately use market cost approach in assessing the market value of real estate under valuation. (fragment of text)

Słowa kluczowe

EN

Real estate valuation; Market value; Costs

PL

Wycena nieruchomości; Wartość rynkowa; Koszty

• Czasopismo: Studia i Materiały Towarzystwa Naukowego Nieruchomości
• Rocznik: 2011
• Tom: Selected Aspects of the Cost Approach in Property Valuation
• Strony: 41--52

Twórcy

autor

Maruška Šubic-Kovač

Bibliografia

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